CREDITACCESS PHILIPPINES FINANCING
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
CreditAccess Philippines Financing Company Inc. (aka One Puhunan) is a non-bank financial company that has been operational since February 2014. Headquartered in Manila, One Puhunan provides working capital loans to low income entrepreneurs as a direct response to the need of almost three-quarters of the Filipino population that is not adequately served by existing financial institutions. It operates in 9 regions of the country.
What is our funding objective?
To expand the provision of masks to clients in need as well as staff. This would simultaneously benefit OP’s operations in the field, by building loan officer and client confidence to interact more safely. Additionally, this would enhance livelihoods for those clients engaged in producing the masks and promote environmental protection by encouraging the use of masks that can be washed and reused.
Why do we fund this investment?
To support One Puhunan in protecting clients and staff with masks during the COVID crisis in the Philippines.
More investments
| Date | Total FMO financing |
|---|---|
| 5/25/2022 | EUR 0.01 MLN |
| 2/22/2021 | USD 7.50 MLN |
| 3/19/2021 | USD 3.00 MLN |
- Website customer/investment
- http://onepuhunan.com.ph/
- Region
- Asia
- Country
- Philippines
- Sector
- Financial Institutions
- Effective date
- 9/29/2020
- End date
- 10/27/2021
- Total FMO financing
- EUR 0.05 MLN
- Funding
- MASSIF
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C